Bitcoin Price Explosion Leads to Altcoin Price Drop

Bitcoin Price Explosion Leads to Altcoin Price Drop

Litecoin is one of the many altcoins whose prices have fallen over the past 24 hours. On Tuesday, the bitcoin price rallied, passing the $400 threshold and reaching $426.08 at press time. The bitcoin price increase has had a negative effect on altcoin prices. Most of the top altcoins have experienced price decreases in the past 24 hours. Bitcoin Price Explosion Leads to Altcoin Price Drop. The bitcoin price rose more than 16% on Tuesday, increasing bitcoin's market cap to ~$5.75 billion. Most altcoin prices are tied to the bitcoin price because bitcoin is the primary trading pair for....

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The only way to have an opinion about digital currencies is to learn about it, and we are providing a firsthand experience in that regard.

Mark McLaughlin, Executive director at Simon Fraser University